CANADA STOCKS-TSX set for lower open on soft Canada, U.S. data

Nov 4 (Reuters) - Toronto's main stock index looked set to
open slightly lower on Friday after Canadian and U.S. jobs
growth came in lower than forecast.

Unexpected job losses in October pushed Canada's
unemployment rate higher, confirming expectations the economy
is weakening and interest rate increases are off the radar.
[ID:nN1E7A3026]

FACTORS TO WATCH

* Canadian equity futures <0#SXF:> pointed to a lower
open.

* The Canadian dollar dropped more than a cent after
Canadian employment plunged in October, bucking expectations
for a gain in jobs and boosting the chances of an eventual Bank
of Canada interest rate cut. [CAD/]

* U.S. stock index futures briefly turned positive after
Labor Department data showed employment rose less than expected
in October, though the jobless rate dropped, hinting at some
improvement in the jobs picture. [.N]

* European shares drifted higher in choppy trade as signs
Greece would seek political consensus on a new aid package and
dump a referendum helped cap some fears of an imminent default,
although the outcome remains uncertain. [.EU]
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